Reinvestment Alert 32 - Combating the Perilous State of Lower-Income Workers Retirement Assets: The Recently Reenacted Federal Savers Credit Provides a Modest Opportunity for Asset Building
Contributing Organization(s): Woodstock Institute
Author(s)/Creator(s): Malcolm Bush; Nathan Paufve
Publishing Date: 2007-07-24
Issue Areas: Consumer Protection
Ownership/Rights Info: Copyright 2008 Woodstock Institute. All rights reserved.
File info: 10 pages; 107.05 KB file size
The report documents the decline in personal savings rates while explaining the recent saving incentive for lower-income people created by the federal Pension Protection Act of 2006. While the credit is a modest step in the right direction for providing lower-income people the level of incentives currently provided to middle- and upper-income people, the report recommends that it be made refundable to expand its benefits to all income qualified tax payers.
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Intended Audience: Advocates; General Public; Policy Professionals
Type/Format: Dataset
Language code: English
Type/Format: Dataset
Language code: English
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